Tag Archives: Gold
A.M. Look 5/6/14
Stocks… Spu’s…1894 is resistance. QQQ…the upside breakout is a close over 88.30. Yesterday’s low is your risk to be long (86.50 Close). PCLN…maintaining and closing over 1196 should see this rally to 1248. UNH…United health care is another beaten up … Continue reading
A.M. Look 5/5/14
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. DAX…put in a ORL day Friday and is following through to the downside. 9426 is mvg avg support. This is just one more tired Index that keeps failing at … Continue reading
General Comments
30 yr. Bonds have run the Macro buy stops I’ve been looking to see elected for the past 3 months. 10 Yr. Bonds have also run into resistance. The Ten year has to close over 125.12 for another leg up. … Continue reading
A.M. Look 5/1/14
Stocks… Spu’s…1894 is resistance. Nasd 100…gains upside momentum over 3593 close. KRU…82.00-30 is first resistance and the upside pivot. FB…60.50 is near resistance. SMH…just missed putting in an ORH day. As long as this stays above 44.30 I’d give this … Continue reading
A.M. Look 4/30/14
Stocks… Spu’s… closing over 1874 will run out the short sellers. 1864 was the qtrly close. Since it’s month end this will become a big pivot late in the day. Good above/Negative below. Late price action below 1860 (last weeks … Continue reading
A.M. Look 4/29/14
Stocks… Spu’s… price action over 1870 and closing over 1874 will run out the short sellers. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 133.24 is first support. A close below 133.15 … Continue reading
QQQ…Trade Alert!
Buy the 2 May 85 QQQ Puts @ .30 or better This is a 10% position
A.M. look 4/28/14
Stocks… AAPL…575.13 was last years high. There should be resting buy stops above this level. Bonds 30 yr. Bonds… have a double top on the point & Figure charts from Friday. 134.12 is first support. A close below 133.15 is … Continue reading
A.M. Look 4/25/14
Stocks… Spu/Bond…spread is breaking down, led by the 30 yr. rally. This is capping the Equity Index rallies. Spu’s…would need to sustain under 1864 to see much selling. Bonds Ten year… TYM…sustained price action over 124 will have investors selling … Continue reading
Gold & XLF
Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down. The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks. ​Gold just … Continue reading